exits

CleverTap’s Leanplum buyout triggers layoffs, high deck exits three years on

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[ad_1] Practically three years after buying US-based Leanplum to energy its international growth, Peak XV Companions-backed software program firm CleverTap is grappling with integration challenges which have triggered top-level exits, layoffs, and liquidation of the acquired entity, a number of folks advised Mint. CleverTap confirmed the layoffs, govt exits, and Leanplum’s liquidation, however maintained that … Read more

Kenro Capital eyes as much as $40 mn stake in Pine Labs as early backers search exits

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[ad_1] Mumbai: Kenro Capital, which specializies in buying stakes from current traders, is evaluating a $30-40 million funding in Pine Labs because the fintech big’s early backers look to exit partly or in full forward of its itemizing later this yr, two folks acquainted with the matter. “The funding agency has been chatting with a … Read more

Startups prep for exits as Chinese backers find little love

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[ad_1] Udaan and Pocket FM count Tencent among their investors, while Vedantu’s Chinese backers include Legend Capital and the TAL Education Group. There has been a recent spike in discussions around Chinese investors looking to pull out, several Indian investorsMintspoke with confirmed separately. “We can expect more block deals within listed startup entities as well, … Read more

Wockhardt exits its US generics business

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[ad_1] Wockhardt Ltd is exiting its loss-making US generics business, as it focuses on its new antibiotics drug discovery and insulin portfolios. The drugmaker said on Friday that it has made a Chapter 7 filing for voluntary liquidation of its US subsidiaries Morton Grove Pharmaceuticals Inc. and Wockhardt USA LLC. The business has been incurring … Read more